Kenya GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Kenya's GDP changed from approximately $13B 449M in 1980 to $104B 1M in 2024, showing an overall 673.3% sharply increased during the period.
The lowest GDP was recorded in 1993 at $10B 479M, and the highest in 2022 at $113B 701M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.8%.
For comparison, the average annual growth rate of Tanzania was 4.6%, and that of Uganda was 4.7%.

Overview of Kenya's GDP (1980–2024)

The Gross Domestic Product (GDP) of Kenya recorded a 673.3% sharply increased from 1980 to 2024.
The average GDP during this period was $40B 136M, and the median was $20B 630M.
GDP fluctuated within a range of $103B 222M, with a standard deviation of $33B 710M.
The average annual change was $2B 298M.


Kenya GDP from 1980 to 2024

The total market value of goods and services produced annually in Kenya.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1993, $10B 479M
    • Highest GDP: 2022, $113B 701M
    • Most Recent GDP: 2024, $104B 1M

    Notable Annual GDP Changes

    • 2018: Significant increase in GDP
    • 2024: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Kenya's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $100B 328M → $100B 912M
    • Outcome: remained stable

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $36B 708M → $42B 347M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $18B 206M → $18B 697M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $18B 300M → $20B 630M
    • Outcome: sharply increased

    Key Economic Indicators of Kenya (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 13B 449M
    $ 855.47
    $ 1,116.55
    $ 17B 553M
    5.572 %
    -6.516 %
    3.97 %
    0 %
    15M 721K people
    1981
    $ 12B 667M
    $ 776.78
    $ 1,226.53
    $ 20B 2M
    4.1 %
    -4.433 %
    7.58 %
    0 %
    16M 308K people
    1982
    $ 12B 196M
    $ 721.65
    $ 1,320.15
    $ 22B 311M
    5.052 %
    -2.504 %
    10.51 %
    -1.119 %
    16M 900K people
    1983
    $ 11B 279M
    $ 644.50
    $ 1,345.92
    $ 23B 554M
    1.593 %
    -0.419 %
    12.65 %
    -0.101 %
    17M 500K people
    1984
    $ 11B 703M
    $ 646.57
    $ 1,369.84
    $ 24B 794M
    1.6 %
    -1.084 %
    10.67 %
    -0.417 %
    18M 100K people
    1985
    $ 11B 646M
    $ 622.80
    $ 1,423.53
    $ 26B 620M
    4.073 %
    -0.988 %
    15.41 %
    -0.647 %
    18M 700K people
    1986
    $ 13B 832M
    $ 716.68
    $ 1,505.28
    $ 29B 52M
    6.982 %
    -0.325 %
    13.81 %
    -0.486 %
    19M 300K people
    1987
    $ 15B 163M
    $ 758.17
    $ 1,575.09
    $ 31B 502M
    5.811 %
    -3.311 %
    12.02 %
    0.377 %
    20M people
    1988
    $ 15B 722M
    $ 759.50
    $ 1,671.46
    $ 34B 599M
    6.091 %
    -2.998 %
    12.18 %
    1.04 %
    20M 700K people
    1989
    $ 15B 586M
    $ 728.33
    $ 1,756.70
    $ 37B 593M
    4.554 %
    -3.788 %
    9.30 %
    0.629 %
    21M 400K people
    1990
    $ 16B 219M
    $ 737.22
    $ 1,846.02
    $ 40B 612M
    4.134 %
    -4.348 %
    11.32 %
    0.01 %
    22M people
    1991
    $ 15B 315M
    $ 674.69
    $ 1,874.38
    $ 42B 548M
    1.339 %
    -1.878 %
    11.16 %
    -3.071 %
    22M 700K people
    1992
    $ 15B 84M
    $ 644.60
    $ 1,839.66
    $ 43B 48M
    -1.08 %
    -2.37 %
    8.14 %
    -3.178 %
    23M 400K people
    1993
    $ 10B 479M
    $ 434.82
    $ 1,826.83
    $ 44B 27M
    -0.095 %
    8.574 %
    10.74 %
    -1.905 %
    24M 100K people
    1994
    $ 12B 547M
    $ 505.91
    $ 1,859.07
    $ 46B 105M
    2.531 %
    5.807 %
    10.35 %
    1.438 %
    24M 800K people
    1995
    $ 15B 905M
    $ 623.71
    $ 1,925.07
    $ 49B 89M
    4.287 %
    -1.779 %
    8.80 %
    3.495 %
    25M 500K people
    1996
    $ 18B 64M
    $ 686.85
    $ 1,985.83
    $ 52B 227M
    4.479 %
    0.364 %
    8.84 %
    2.461 %
    26M 300K people
    1997
    $ 18B 300M
    $ 677.77
    $ 1,975.79
    $ 53B 346M
    0.411 %
    0.345 %
    7.72 %
    1.515 %
    27M people
    1998
    $ 20B 630M
    $ 742.09
    $ 1,998.38
    $ 55B 555M
    2.983 %
    1.364 %
    8.67 %
    1.934 %
    27M 800K people
    1999
    $ 18B 594M
    $ 647.89
    $ 2,006.28
    $ 57B 580M
    2.199 %
    5.689 %
    21.19 %
    2.84 %
    28M 700K people